After reading this article you will learn about:- 1. Meaning of Delegation 2. Elements of Delegation 3. Principles 4. Process 5. Advantages 6. Disadvantages 7. Barriers 8. Overcoming Obstruction. Meaning of Delegation: The process of delegation starts from the chief executive of an organisation who has the total responsibility for the achievement of goals. In order to share the responsibility [...]
After reading this article you will learn about Centralisation and Decentralisation in an Enterprise:- 1. Meaning of Centralisation and Decentralisation 2. Factors Determining the Degree of Decentralisation 3. Advantages of Decentralisation 4. Disadvantages of Decentralisation 5. Advantages of Centralisation. Meaning of Centralisation and Decentralisation: Centralisation means that the authority for most decisions is concentrated at the top of the managerial [...]
Meaning of Responsibility: Generally in the organisations, Managers have authority. Therefore, they are responsible for other people, money and resources. Thus, responsibility is defined as "the accountability for authority". Accountability is the management philosophy whereby individuals are held accountable for how well they use their authority and live up to their responsibility of performing pre-determined activities. "Responsibility" is used in [...]